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The IndiaAI mission got the highest increase in allocation Finance Minister Nirmala Sitharaman presented the Union Budget for 2025, unveiling the eighteenth Cabinet’s plans for funding the integration of Artificial Intelligence (AI) in various fields. Allocations for all schemes related to AI have seen significant increases since the previous Union Budget. In her 8th Budget…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced another round of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs. The announcement assumes significance as the government is focusing on promoting innovation through startups. Department for Promotion of Industry and Internal Trade (DPIIT) has…
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The parliament’s budget session is scheduled to start on January 31 and run until April 4. The Union Budget 2025 under the Narendra Modi 3.0 government will be presented in February by Finance Minister Nirmala Sitharaman. This time she is set to make history by presenting her 8th consecutive budget. She has presented seven straight…
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As the dust settles on the proposals that the Finance Minister made in the Budget earlier this month, some aspects have become clearer while questions remain on others. Budget 2024-25 saw several initiatives around employment and skilling being proposed. Do these form a good first step in addressing the jobs challenge the country faces? Or…
Read More “Exploring the Key Highlights of the Union Budget 2024: Part 2 | In Focus podcast” »
Ms Banerjee was the only INDIA bloc chief minister not to boycott the Niti Aayog general council meeting. New Delhi: Strongly countering West Bengal Chief Minister Mamata Banerjee’s claim that her microphone was switched off and she was only allowed to speak for five minutes at a key Niti Aayog meeting, Finance Minister Nirmala Sitharaman…
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Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 proposed to increase the rate of securities transaction tax (STT) on futures and options (F&O) trade to discourage retail investors’ participation in the risky instrument. “It is proposed to increase the rates of STT on the sale of an…
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Congress leader Jairam Ramesh. File | Photo Credit: ANI Continuing its attack on the economic policies of the Narendra Modi government ahead of the first budget of the NDA government on July 23, the Congress on Wednesday said that “India has been locked into a cycle of low investment since 2014” due to a combination…
Congress general secretary Jairam Ramesh. File | Photo Credit: PTI The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is “very sluggish” and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being…
Union Finance Minister Nirmala Sitharaman during an interaction with Start-Up and Fintech Entities, in New Delhi, on February 26, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman nudged India’s financial sector regulators to hold monthly meetings with fintechs to address their concerns and mooted a day-long workshop with law enforcement agencies for such firms…
Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. Doubts that this would be anything more than a vote-on-account had been settled when Prime Minister Narendra Modi publicly declared that “when polls are this close, the government presents an interim…